State Street Global Advisors, the investment management business
of State Street Corporation (NYSE: STT) and World Gold Trust
Services, LLC, a wholly-owned subsidiary of the World Gold Council
(WGC), today announced that assets in the SPDR® Gold Trust (NYSE
Arca: GLD) have surpassed US $50 billion.
“With assets having increased by approximately 32 percent
year-to-date (as of Friday, June 25, 2010)¹, SPDR Gold Shares has
radically transformed the way in which a wide range of investors
access the gold market,” said James Ross, senior managing director
at State Street Global Advisors. “GLD is increasingly being used as
part of a long-term diversification investment strategy within
investors’ portfolios in a variety of market cycles currently
playing out worldwide.”
Jason Toussaint, managing director, Investments, World Gold
Trust Services, LLC commented: “Strategic asset allocation will
continue to play a central role in investors’ portfolio performance
moving forward, and portfolios that contain even a small allocation
in gold have the potential to better cope with varying market
scenarios. This milestone for GLD underscores that investors have
embraced gold as a viable core holding over the long-term.”
SPDR Gold Shares (GLD) was launched in November 2004 by World
Gold Trust Services and State Street to satisfy the growing need
among investors for an exchange traded fund backed by physical
gold. Recognizing that gold is a long-term investment which may
stabilize wealth by mitigating the risk of falls in other asset
classes, investors in GLD have made it one of the fastest growing
ETFs globally. As of June 25, 2010, assets under management in the
trust totaled more than $53 billion, making it the second largest
ETF by assets in the world².
GLD is also cross-listed on the Bolsa Mexicana de Valores, the
Singapore Exchange the Tokyo Stock Exchange and the Stock Exchange
of Hong Kong.
State Street Global Advisors is one of the largest ETF providers
globally with assets under management for SPDR ETFs totaling more
than $204 billion as of March 31, 2010.³
About World Gold Trust Services, LLC.
World Gold Trust Services, LLC is a wholly owned subsidiary of
the World Gold Council. World Gold Council’s mission is to
stimulate and sustain the demand for gold and to create enduring
value for its stakeholders. It is funded by the world’s leading
gold mining companies. For further information visit
www.gold.org
About State Street Global Advisors
State Street Global Advisors, the investment management business
of State Street Corporation (NYSE: STT), delivers investment
strategies and integrated solutions to clients worldwide across
every asset class, investment approach and style. With $1.9
trillion in assets under management at March 31, 2010, State Street
Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, Paris, Singapore, Sydney, Tokyo, Toronto, and
Zurich and offices in 27 cities worldwide. For more information,
visit State Street Global Advisors at www.ssga.com.
¹ SSgA’s Intermediary Business Group – Strategy &
Research
² SSgA’s Intermediary Business Group – Strategy &
Research
³ SSgA’s Intermediary Business Group – Strategy &
Research
Shares (the “Shares”) of the SPDR® Gold Trust (the “Trust”)
trade like stocks, are subject to investment risk and will
fluctuate in market value. The value of the Shares relates directly
to the value of the gold held by the Trust (less Trust expenses)
and fluctuations in the price of gold could materially adversely
affect an investment in the Shares. Investors should be aware that
there is no assurance that gold will maintain its long-term value
in terms of purchasing power in the future. The Trust does not
generate any income and as the Trust regularly sells gold to pay
for its ongoing expenses, the amount of gold represented by each
Share will decline over time.
The Trust has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Trust has filed with the SEC for more complete information about
the Trust and this offering. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
the Trust or any Authorized Participant will arrange to send you
the prospectus if you request it by calling 1-866-320-4053 or
contacting State Street Global Markets, LLC, One Lincoln Street,
Attn: SPDR Gold Shares, 30th Floor, Boston, MA 02111.
The prospectus contains material information about the Trust
and its Shares which is material and/or which may be important to
you. You should read the entire prospectus, including “Risk
Factors” before making an investment decision about the
Shares.
Shareholders of the Trust will not have the protections
associated with ownership of shares in an investment company
registered under the Investment Company Act of 1940 or the
protections afforded by the Commodity Exchange Act of 1936. The
Trust is not registered as an investment company under the
Investment Company Act of 1940 and is not required to register
under such act. Neither the Sponsor nor the Trustee of the Trust is
subject to regulation by the Commodity Futures Trading Commission.
Shareholders will not have the regulatory protections provided to
investors in Commodity Exchange Act regulated instruments or
commodity pools.
The Trust that issues SPDR® Gold Shares is not an Exchange
Traded Fund registered as an investment company under the
Investment Company Act of 1940 and is not required to register
under such act. Therefore, SPDR® Gold Shares shareholders will not
have the protections associated with ownership of shares in an
investment company registered under the Investment Company Act of
1940 or the protections afforded by the Commodity Exchange Act of
1936. The Trust is sponsored by World Gold Trust Services, LLC, a
wholly-owned subsidiary of the World Gold Council, and marketed by
State Street Global Markets, LLC.
The Trust is sponsored by World Gold Trust Services, LLC (the
“Sponsor”), a wholly-owned subsidiary of the World Gold Council.
State Street Global Markets, LLC (the “Marketing Agent”) is the
marketing agent of the Trust and an affiliate of State Street
Global Advisors. For more information: State Street Global Markets,
LLC, One Lincoln Street, Boston, MA, 02111• 866.320.4053 •
www.spdrgoldsharese.com.
Not FDIC Insured – No Bank Guarantee – May Lose Value
Neither diversification nor asset allocation ensure profit or
guarantee against loss.
CORP-0125
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